Guideline Value for Alwar ThiruNagr

Alwar ThiruNagr guideline value

The current guideline value of Alwar ThiruNagr is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Vattampakkam village, under the Sunguvarchattram SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Alwar ThiruNagr has changed

Over the years, the guideline value of Alwar ThiruNagr has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision, where it was Rs 335 per sq.ft. From 2017 to 2023, the value increased by 49%, bringing it back to Rs 500 per sq.ft. The 2024 revision also maintains this value at Rs 500 per sq.ft, showing no percentage change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 0%.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,790 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Alwar ThiruNagr's 2024 figure above this median.

• Ambethkar 1Ist Street (colony): Rs 200 per sq.ft (2024)
• Ambethkar 1st Street (colony): Rs 200 per sq.ft (2024)
• ABI Century Square I & II: Rs 426 per sq.ft (2024)
• Bajanai Kovil Street (colony): Rs 200 per sq.ft (2024)
• Ellaiamman Kovil Street: Rs 200 per sq.ft (2024)
• Gangaiamman Kovil Street (colony): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Alwar ThiruNagr

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 5,00,000. The stamp duty at 7% amounts to Rs 35,000, and the registration fee at 2% totals Rs 10,000, making the total cost Rs 45,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Alwar ThiruNagr?

The Sub Registrar Office covering Alwar ThiruNagr is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Vattampakkam

The guideline value plays a crucial role during property transactions in Vattampakkam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are documented and taxed appropriately.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Accurate knowledge of the guideline value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Alwar ThiruNagr?

The current guideline value of Alwar ThiruNagr is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023.

What are the other streets in Vattampakkam and their guideline values?

Other streets in Vattampakkam include Ambethkar 1Ist Street, Ambethkar 1st Street, ABI Century Square I & II, Bajanai Kovil Street, Ellaiamman Kovil Street, and Gangaiamman Kovil Street, with values ranging from Rs 200 to Rs 426 per sq.ft in 2024.

How is the stamp duty calculated in Alwar ThiruNagr?

Stamp duty in Alwar ThiruNagr is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 5,00,000, the stamp duty would be Rs 35,000.

Where can I find the Sub Registrar Office for Alwar ThiruNagr?

The Sub Registrar Office for Alwar ThiruNagr is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details by visiting the SRO locator.